News

New Issue Of Securities (Chapter 6 Of Listing Requirements) : Fund Raising

BackSep 08, 2020
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

PRESTARIANG BERHAD ("PRESTARIANG" OR THE "COMPANY") I. PROPOSED PRIVATE PLACEMENT WITH WARRANTS; II. PROPOSED RIGHTS ISSUE WITH WARRANTS; AND III. PROPOSED LTIP (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

 

We refer to Prestariang's announcements dated 23 July 2020, 14 August 2020, 19 August 2020 and 27 August 2020 in relation to the Proposals. Unless otherwise stated, all defined terms and abbreviations used in this announcement shall carry the same meaning as those previously defined in Prestariang's circular to shareholders dated 28 August 2020 in relation to the Proposals.

On behalf of the Board of Directors of Prestariang, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that Prestariang, had on 8 September 2020 executed a novation letter ("Novation Letter") with Dr. Abu and ECO Cloud Assets Sdn Bhd (Company registration number: 202001025784 (1382104­P)) ("ECO Cloud Assets") pursuant to which Dr. Abu novated and transferred the benefit of all and any of its obligations under the subscription agreement dated 23 July 2020 ("Subscription Agreement") to ECO Cloud Assets. For information purposes, the ultimate shareholder of ECO Cloud Assets is Dr. Abu.

Please refer to the attachment for further details on the salient terms of the Novation Letter pursuant to the Subscription Agreement.

 

This announcement is dated 8 September 2020.

 

Please refer attachment below.

 

Announcement Info

Company Name PRESTARIANG BERHAD
Stock Name PRESBHD
Date Announced 08 Sep 2020
Category General Announcement for PLC
Reference Number GA1-08092020-00042

Attachments

  1. Prestariang_addtl_announcement_(novation_letter)_final.pdf (Size: 12,855 bytes)